HSBC plans to price three-year buffered PLUS on basket of two ETFs

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Jan. 3, 2020 linked to an equally weighted basket of the iShares Russell 2000 exchange-traded fund and the Financial Select Sector SPDR fund, according to an FWP filed with the Securities and Exchange Commission.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 105% of the basket return. Investors will receive par if the basket declines by 10% or less and will be exposed to declines beyond 10%.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes are expected to price on Dec. 30 and settle on Jan. 5.

The Cusip number is 40434K271.

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